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We went to contract on our house but it has been a nightmare. They are telling us the closing date and telling us when we have to leave our house. Which are impossible dates. We asked them to move them and they said it is impossible. Then all of a sudden they moved the dates for paperwork. We told the lawyers, we are done and stated we do not want to sell the house anymore. Our lawyer decided to Scream at us like we were two year olds. We cannot take the lies and something just stinks. The buyers want to pursue legal action against us now. My wife is ready to have a break down over this. But I am not ready to be caught up in some scam because too many things are not adding up. Any help would help. Thank you
1 ANSWER
If you signed a contract to sell your home and it meets the requirements of a binding contract having been signed by all parties and a good faith deposit paid by the purchasers, they do have a cause of action for breach iof you do not agree to close. That being said, there are many contingencies that first have to be met, the most important one being if the purchasers received their loan comirttment by the deadline date in the contract of sale. The closing date uin the contract is usually not a definate date but can be either moved up or back by eeither party.
My recommendation is to have a sit down with your attorney since he is he one that should have draftedthe contract to best protect your interests. Let him go over each clause that can possibly govern the outcome if you desire to cancel at this time. The last thing all parties usually want is to go into litigation over a real estate contract. I'm sure a rasonable solution can be reached.
Answered on Nov 18th, 2013 at 3:31 PM